Rupee recovers from record lows after RBI intervention
A one rupee coin is seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files/ MUMBAI (Reuters) - The rupee recovered from record lows set on Thursday morning aided by dollar selling intervention by the Reserve Bank of India but weak macro-economic fundamentals and broad dollar strength are likely to keep up the downward pressure on it. Most other Asian currencies also edged down as a trade dispute between the United States and China kept investors on edge. The RBI is suspected to have sold dollars ...
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